| Successful healthcare programs and projects: organization portfolio management essentials. | |
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MedLine Citation:
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PMID: 15682672 Owner: NLM Status: MEDLINE |
Abstract/OtherAbstract:
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Many healthcare organization projects take more time and resources than planned and fail to deliver desired business outcomes. Healthcare IT is a major component of many projects and often undeservedly receives the blame for failure. Poor results are often not a result of faulty healthcare IT or poor project management or poor project execution alone. Many projects fail because of poor portfolio management--poor planning and management of the portfolio of initiatives designed to meet an organization's strategic goals. Because resources are limited, portfolio management enables organizations to more strategically allocate and manage their resources so care delivery, service delivery, and initiatives that advance organizations toward their strategic goals, including healthcare IT initiatives, can be accomplished at the levels of quality and service desired by an organization. Proper portfolio management is the essential foundation for program and project success and supports overall organization success. Without portfolio management, even programs and projects that execute flawlessly may not meet desired objectives. This article discusses the essential requirements for porfolio management. These include opportunity identification, return on investment (ROI) forecast, project prioritization, capacity planning (inclusive of human, financial, capital, and facilities resources), work scheduling, program and project management and execution, and project performance and value assessment. Portfolio management is essential to successful healthcare project execution. Theories are drawn from the Organizational Project Management Maturity Model (OPM3) work of the Project Management Institute and other leading strategy, planning, and organization change management research institutes. |
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Authors:
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Scott Pickens; Jamie Solak |
Publication Detail:
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Type: Journal Article |
Journal Detail:
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Title: Journal of healthcare information management : JHIM Volume: 19 ISSN: 1099-811X ISO Abbreviation: J Healthc Inf Manag Publication Date: 2005 |
Date Detail:
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Created Date: 2005-02-01 Completed Date: 2005-02-24 Revised Date: - |
Medline Journal Info:
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Nlm Unique ID: 9815773 Medline TA: J Healthc Inf Manag Country: United States |
Other Details:
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Languages: eng Pagination: 19-27 Citation Subset: H |
Affiliation:
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JSP Solutions Group Inc, USA. Scott_Pickens@JSPSolutionsGroup.com |
Export Citation:
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APA/MLA Format Download EndNote Download BibTex |
| MeSH Terms | |
Descriptor/Qualifier:
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Delivery of Health Care
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economics,
organization & administration* Diffusion of Innovation Investments* Organizational Innovation Organizational Objectives Planning Techniques Program Evaluation Resource Allocation United States |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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